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US national average cash corn is $6.86 per bushel and soybeans are around $14.23, among the highest since 2013. Strong Chinese demand and Brazil's drought-reduced corn crop have shifted demand to the US.
Dry weather in the Dakotas and Western Corn Belt is raising doubts about this year's yields.
Strong export demand and drought-related yield risk support higher US grain prices, raising feed costs for buyers. Input cost increases may also squeeze farm margins.
dtnpf.comKatie Micik DehlingerJul 2, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
